Apollo Medical (NASDAQ:AMEH) Sets New 52-Week Low at $29.44

Apollo Medical Holdings, Inc. (NASDAQ:AMEHGet Rating)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $29.44 and last traded at $29.56, with a volume of 3803 shares trading hands. The stock had previously closed at $30.12.

Analysts Set New Price Targets

Several research firms have commented on AMEH. William Blair began coverage on shares of Apollo Medical in a research note on Wednesday, September 21st. They issued an “outperform” rating for the company. Barclays raised their price target on shares of Apollo Medical from $50.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Monday, August 8th.

Apollo Medical Stock Performance

The company’s 50 day moving average price is $36.35 and its 200-day moving average price is $40.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.84 and a current ratio of 2.84. The company has a market cap of $1.71 billion, a PE ratio of 21.21 and a beta of 0.71.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC grew its stake in Apollo Medical by 285.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 810 shares of the company’s stock valued at $31,000 after buying an additional 600 shares in the last quarter. FMR LLC grew its stake in Apollo Medical by 36.1% in the 2nd quarter. FMR LLC now owns 1,067 shares of the company’s stock valued at $41,000 after buying an additional 283 shares in the last quarter. UBS Group AG purchased a new position in Apollo Medical in the 3rd quarter valued at approximately $52,000. Quantbot Technologies LP purchased a new position in Apollo Medical in the 2nd quarter valued at approximately $54,000. Finally, Lazard Asset Management LLC purchased a new position in Apollo Medical in the 1st quarter valued at approximately $66,000. 32.03% of the stock is currently owned by hedge funds and other institutional investors.

About Apollo Medical

(Get Rating)

Apollo Medical Holdings, Inc, a physician-centric technology-powered healthcare company, provides medical care services. The company is leveraging its proprietary population health management and healthcare delivery platform, operates an integrated, value-based healthcare model which empowers the providers in its network to deliver care to its patients.

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